10 Bad Money Habits That Were Keeping Me Broke

In today's video, I'm sharing all the bad money habits and bad money mindsets that played a huge role in keeping me broke and stuck in a cycle of debt for way longer than I wanted to be. When I started to face some hard truths about myself, my habits and my mindset, that's when I started to build more confidence around my money and when things changed.

#moneyhabits #debtfree #personalfinancetips

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FTC: This video is not sponsored. Items marked * are gifted. Some links are affiliate. Affiliate links provide me with a small commission at no added cost to you, and helps support my channel! Any financial discussions on this channel are for entertainment purposes only; not financial advice.

[jlkitz]

Another helpful tip: unsubscribe from social media channels that promote spending! Unsubscribe from retail email lists ✌🏾😉

[ros]

I am on my first no buy and what is helping me is the question "what are my options if I don't buy this thing?" And I keep finding an alternative.

[pholtlux_]

I feel like the more that I save, the harder it is to spend because it hits home that the money is real and how much work it took to accumulate. Buying on credit is the easiest way to spend too much in an instant.

[carmenlheureux]

I’m debt free after a few hard years, but always on the verge of going back. I still struggle with my fantasy self and working very hard on the problem. Tracking your expenses is a game changer, you’re right, but I’m not always constant… Thank you for those useful reminders.❤ Your hair is growing so fast!!!!

[hillerycrawford]

I discovered you in February, right after coming to terms with my very poor financial situation. Too much credit card debt, the realization that I spent just to feel, compulsive behaviors due to mental health ussues and just the amount of stuff in my house were all driving me into a deep depression. Luckily, I have a supportive family and a great mental health professional, but your channel helps me with the real life activities needed to be intentional. Styling over shopping, pay yourself first, never saying no have all helped. Please know that you and your channel make a huge difference in people's lives. Your attitude, personality and honesty are so refreshing

[isadorasmiles]

I’m still a work in progress but one thing I do when I’m thinking of making an online purchase is I will check my current credit card statements and ask myself do I really want to spend more. It’s a way to help me reality check myself. If I don’t feel comfortable with it, I don’t spend it. Because in reality, I’ve been just fine without the thing for the most part. Only the things that I feel are worth it, I don’t feel guilt over.

[dianaholbrook]

I had a great friend in college who started teasing me about how I was so tight with my money. SHE was always in debt and had REALLY nice clothes, etc. I started loosening my grip on the very little money I had —- treating myself more often. Mind you, buying diet cokes at the student union I actually could not afford but I started doing that and similar other things. My advice —- don’t listen to what other people say. If you have to drink tap water, drink tap water unapologetically. You will eventually be in a better position to have more treats, clothes, trips whatever. Be grateful for what you DO have and remember, too, that being thrifty allows you to be more generous to others —- very gratifying to be in that position today at age 59.

[jennybanana]

Excellent video! Although I am aware of all this, it is always a good reminder to hear it again in such a clear and structured way. Thank you for your great work🧡

[MyLifeInDebt]

I am 70k in debt (not including my mortgage debt). It’s insane. Shopaholic for sure and I wish there was a rehab for this.

[caitlinryder]

I was unsuccessful with my no buy but it did help me and still does. I started writing down everything I was purchasing outside of food. It was incredibly eye opening just to see where the "extra" money went.

I love your advice with thrifting. Ugh. That is me 100%. I have really attempted to be strict and keep to the list.

[lizzieder]

A trick I did, is if I want something I “pay double” that cost of the item plus saving the cost of that item.

[jlkitz]

I'm so much better about emotional spending, thankfully ☺️. But I still have some work to do. We can do this y'all! Every improvement, however small, is a WIN ✌🏾💚

[liz]

I really struggle with saying no to things and scarcity mindset. I’m trying to work on making a wish list of TYPES of things I want, and it can get brand specific, but where I get caught is when I’m actively browsing the web for things, and it’s tied to taking breaks from doing focused tasks for dopamine hits. I know what brands I like and assume they’ll continue to offer whatever I’m looking for in the future, but it’s hard to shake the “it’s available now so I should grab it before it’s out of stock” feeling. I have an over-abundance of clothes and debt / travel / health goals that are looming, but this issue with scarcity outshines all of that so strongly on a daily basis

[emmamurkin]

I have put myself on a clothes shopping ban, so that I actually wear what's already in my wardobe. My only exception last month was a Spice Girls tshirt for £8.40. Well worth it, the nostalgia helped me decide to buy. I know its something I'll cherish for a long time!

[rebeccal.]

I too had a huge shopping addiction mainly after getting divorced I was really down and frankly just hating myself and the world and anyone in a "good" relationship. So I would shop to "help" myself feel better until surprise i was in debt with my credit card.. I have managed to stay debt free for 13 years now with a credit card and then I had student loan debt but, that is no longer an issue. It is actually a relief to not have any more debt. I can save, invest, and also plan for my daughters future. I also feel that I can breathe again. Thanks for this video.

[orchid]

When I got raises I would increase my 401k contribution by that much so I wouldn’t miss it, still hoping to reach the max I can contribute.

[ccdm]

I find it hard not to be trendy. It feels like everything at certain points in time is about all you can find and goes together. Like a tunic top doesn’t go with high waisted wide leg pants. Finding cohesiveness between all these colors and cuts is tricky.

[sundaygirl]

This was really useful to me. While I am not in debit ( though I do owe a bit of money on my VISA) I am not good with money and spend too freely. I think what traps me in the instant gratification you mention (and you are so right, it is way too easy to spend nowadays) is the excitement of receiving a parcel and that “you’re item has been shipped” buzz. It’s like receiving presents, except you’re paying for them. While I am not cured (I do have a few parcels on the way) I am better. I have unfollowed all the influencers I used to watch as I realised it was really dictating my shopping habits. I put money every month into savings and have three separate pension pots for my future. I just need to be more disciplined with that “buy now” button.

[lalablotz]

We’re debt free but we do still spend more money than we should on stuff we really don’t need. Need to keep it in check.

[sonnychazz]

The best thing I ever did was to get rid of my credit card. If I don't have the actual money in my bank account right now & can't afford something by paying with my debit card then I just simply can't buy it. When I had a credit card years ago my brain almost treated the limit like a target to hit every month. My spending was ridiculous back then.